Increasing demand for tighter integration between strategy and implementation makes Monitor and Deloitte a natural fit. As a pure-play strategy consultant, Monitor was facing increasing financial pressure as a stand-alone business. The recent economic downturn drove Monitor to evaluate its strategic options and determine that Deloitte was not only the right strategic match, but also provided the opportunity for substantial short-term and long-term growth as well as opportunities for its employees and clients.To help facilitate this proposed transaction and preserve the firm's considerable value as a going concern, the assets will be sold by means of a court-approved sale under Section 363 of the U.S. Bankruptcy Code. The transaction with Deloitte would be completed following approval of the U.S. Bankruptcy Court in Wilmington, Delaware and is subject to, among other things, higher or otherwise better offers, as well as regulatory approvals.
Monitor Reaches Agreement To Join Forces With Deloitte
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